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The Consumer Price Index (CPI) for automobiles registered in February its highest year-on-year rise since April 1996,

when it rose to 4.9%, with a progression of 4.7%, although it is below the CPI general, which raised its interannual rate 1.5 points, to 7.6%, according to data published this Friday by the National Institute of Statistics (INE).

Industry sources told Europa Press that this sharp rise in car prices is explained by various factors, such as the

increase in the price of raw materials

, as well as the

shortage of semiconductors

, which has made sales of more profitable models prioritize. for brands, and by

customer demand for increasingly well-equipped vehicles.

To this should be added the effect of the increase in the Registration Tax since January

During the first two months of the current year, the price of automobiles experienced an increase of 3.1%, while registering a rise of 0.9% in the monthly variation.

Motorcycles and other chapters

For

motorcycles, the price increase in the second month of 2022 was 3.4% year

-on-year, 1.6% compared to the previous month and 1.2% month-on-month.

At the same time,

spare parts and accessories for vehicles also became more expensive by 4.8% in February

compared to the same month last year, as well as 0.8% in the month-on-month comparison and 1.6% in so far in 2022. For their part, they

raised their price to 26.8% in the year-on-year rate,

with a monthly variation of 5.4% and 8.7% since the beginning of the current year.

Lastly,

vehicle maintenance and repair services

closed February with an increase rate of 2.8% compared to the same month in 2021, with a monthly variation of 0.5% and a rise since the beginning of 2022 of 0 .9%.

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